UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of JULY, 2004.
Commission File Number: 0-30464
IMA EXPLORATION INC.
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(Translation of registrant's name into English)
#709 - 837 West Hastings Street, Vancouver, British Columbia, V6C 3N6, Canada
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F: FORM 20-F [X] FORM 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): _______
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): _______
Indicate by check mark whether the registrant by furnishing the information
contained in this Form, is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
YES [ ] NO [ ]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3- 2(b): 82-_____________
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf of the
undersigned, thereunto duly authorized.
IMA EXPLORATION INC.
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Date: JULY 08, 2004 /s/ Joseph Grosso
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Joseph Grosso,
President & CEO
BC FORM 51-102F3
MATERIAL CHANGE REPORT
1. NAME AND ADDRESS OF COMPANY
IMA Exploration Inc. (the "Issuer")
#709 - 837 West Hastings Street
Vancouver, BC
V6C 3N6
Phone: (604) 687-1828
2. DATE OF MATERIAL CHANGE
July 08, 2004
3. PRESS RELEASE
The press release was released on July 08, 2004 through various
approved public media and filed with the TSX Venture Exchange and the
British Columbia, Ontario and Alberta Securities Commissions.
4. SUMMARY OF MATERIAL CHANGE(S)
See attached press release for details.
5. FULL DESCRIPTION OF MATERIAL CHANGE
See attached press release for details.
6. RELIANCE ON SUBSECTION 7.1(2) OR (3) OF NATIONAL INSTRUMENT 51-102
Not Applicable
7. OMITTED INFORMATION
Not Applicable
8. EXECUTIVE OFFICER
Joseph Grosso
Phone: (604) 687-1828
9. DATE OF REPORT
July 08, 2004.
/s/ Joseph Grosso
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Joseph Grosso, President & CEO
IMA EXPLORATION INC.
Suite 709 - 837 West Hastings Street,
Terminal City Club Tower,
Vancouver, B.C. V6C 3N6
Tel: 604-687-1828 Fax: 604-687-1858 Toll Free: 800-901-0058
Internet: www.imaexploration.com E-mail: info@imaexploration.com
TSX Venture Exchange: IMR OTC Bulletin Board: IMXPF
Frankfurt & Berlin Exchanges: IMT (WKN 884971)
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NEWS RELEASE JULY 08, 2004
PHASE II DRILLING INCREASES SIZE POTENTIAL OF
IMA'S NAVIDAD SILVER DISCOVERY
IMA EXPLORATION INC. (IMA-TSX.V, IMXPF-OTC.BB) is pleased to announce results of
the first 11 drill holes from the ongoing Phase II drill program at the
Company's 100% owned Navidad Project. To date about 4500 metres (m) have been
drilled in 24 drill holes testing several targets outside of the Galena Hill
deposit where an Indicated Resource of 207 million ounces of silver (63.6
Million tonnes grading 101 g/t silver and 1.76% lead) has been identified (see
May 25, 2004 release).
Drilling at Navidad Hill returned excellent intersections of 104.6M OF 126G/T
SILVER including 35.5M OF 295 G/T SILVER from hole NV04-54, which adds
significant additional width to the northwest trending mineralized zone at
Navidad Hill (see attached map for drill hole locations and the attached table
for a summary of drill results). Eight new drill holes have been collared to
date at Navidad Hill testing potential both along strike and to increase the
width of the known mineralized zone where previous drilling intersected 68.6m of
275g/t silver (NV03-08) and 37.8m of 475 g/t silver (NV03-07).
At the 6 km Esperanza Trend, results include 2.7M OF 831 G/T SILVER in hole 62
and 800m to the northwest hole 63 intersected 45.8M OF 94 G/T SILVER, including
4.0M OF 246 G/T SILVER. These results confirm the high grades and potential for
a significant structurally controlled zone at Esperanza.
Six drill holes have been completed to date at Barite Hill. The first three
holes (NV04-58 through 60) contain significant near surface intersections of
galena matrix breccia similar in style to that at Galena hill, but with
generally lower silver and lead values.
Two drill holes were completed at Galena Hill within the indicated resource to
obtain core for metallurgical test work. These two holes (NV04-56 and 57) cored
long intersections of good silver grades as expected. Quarter core for
metallurgical testing has been received by PRA Laboratories in Vancouver, and
testing is now underway.
Dr. Paul Lhotka is IMA's Qualified Person for the Navidad project and has
overseen all aspects of the current program.
IMA Exploration Inc. has over 10 years experience in Argentina and is focused on
the exploration and development of its 100% owned Navidad discovery and its
property portfolio in the region.
ON BEHALF OF THE BOARD
/s/ Joseph Grosso
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Mr. Joseph Grosso, President & CEO
For further information please contact Joseph Grosso, President & CEO, or Sean
Hurd, Investor Relations Manager, at 1-800-901-0058 or 604-687-1828, or fax
604-687-1858, or by email, or visit the Company's web site at
http://www.imaexploration.com.
IMA Exploration Inc.
News Release
July 8, 2004
Page 2
The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or the accuracy of this release. CAUTIONARY NOTE TO US INVESTORS:
This news release may contain information about adjacent properties on which we
have no right to explore or mine. We advise U.S. investors that the SEC's mining
guidelines strictly prohibit information of this type in documents filed with
the SEC. U.S. investors are cautioned that mineral deposits on adjacent
properties are not indicative of mineral deposits on our properties. This news
release may contain forward-looking statements including but not limited to
comments regarding the timing and content of upcoming work programs, geological
interpretations, receipt of property titles, potential mineral recovery
processes, etc. Forward-looking statements address future events and conditions
and therefore involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements.
2004 NUMBER 23
IMA Exploration Inc.
News Release
July 8, 2004
Page 3
Attachment A
Navidad Project Phase II Drill Results
DDH LOCATION FROM TO COMPOSITE G/T SILVER % COPPER % LEAD
(M) (M) LENGTH (M) (LWA)3 (LWA)3 (LWA)3
NV04-54 Navidad Hill 3.05 107.40 104.35 126 0.20 0.07
including 3.05 38.50 35.45 295 0.51 0.19
NV04-55 Navidad Hill 3.00 63.60 60.60 27 0.07 0.04
including 38.05 43.40 5.35 73 0.35 0.03
NV04-56 Galena Hill2,3 19.30 127.75 108.45 102 0.08 0.09
including 22.50 64.50 42.00 164 0.09 0.12
NV04-57 Galena Hill2,3 35.90 170.50 134.60 181 0.01 4.71
including 39.40 61.25 21.85 718 0.03 10.62
NV04-58 Barite Hill 12.80 41.00 28.20 37 0.00 0.80
NV04-59 Barite Hill 148.70 152.40 3.70 23 0.00 0.51
NV04-60 Barite Hill no significant results
NV04-61 Esperanza Trend 52.50 55.50 3.00 353 0.03 0.17
NV04-62 Esperanza Trend 7.20 9.90 2.70 831 0.09 0.56
NV04-63 Esperanza Trend 31.60 77.40 45.80 94 0.01 0.25
including 33.55 37.50 3.95 246 0.01 0.28
NV04-64 Esperanza Trend 69.20 102.10 32.90 47 0.03 0.16
including 69.20 70.60 1.40 101 0.00 0.37
and 96.65 102.10 5.45 153 0.17 0.02
Notes:
1. All length weighted averages (LWA) results are "uncut".
2. Galena Hill holes drilled in order to obtain samples for metallurgical
testing.
3. Galena Hill results are reported as length-density weighted averages (LDWA)
as sufficient data is now available to allow the calculation of model
densities for each samples within the Galena Hill Deposit.
4. A table with full results to date and drill hole locations, orientations,
and lengths is available at IMA's website: www.imaexploration.com
5. True thicknesses in the case of Navidad Hill are approximately 70% of the
intercept length; in the case of Barite Hill they are close to 100% of the
intercept length, while at Esperanza the relationship is a yet
undetermined.
IMA Exploration Inc.
News Release
July 8, 2004
Page 4
Attachment B
DRILL HOLE LOCATION MAP - IMA'S NAVIDAD PROJECT, CHUBUT PROVINCE, ARGENTINA
[GRAPHIC OMITTED][GRAPHIC OMITTED]
Omitted graphic available at IMA's website: www.imaexploration.com